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Argentina’s Technisys Raises $13 Million in Funding Round, Receives Participation From Endeavor Catalyst

Technisys, an Endeavor Argentina entrepreneur company, raised $13 million in a Series B round of funding that included participation from Intel Capital, Alta Ventures, KaSZeK Ventures, Endeavor Catalyst and existing investor Holdinvest. Technisys has brought an […]

October 17th, 2014 — by admin

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Endeavor Chile company ComparaOnline.com signs strategic alliance with Buscapé Group

Endeavor Chile company ComparaOnline.com, Latin America’s main comparison site for financial products and insurance, recently signed a strategic alliance with Buscapé, founded by Endeavor Brazil Board Member Romero Rodrigues. ComparaOnline.com will acquire Buscape’s financial and […]

March 26th, 2013 — by admin

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At California Tech Retreat, Entrepreneurs learn from 20+ top execs and tour Google, Facebook, eBay, and Microsoft

Silicon Valley Tour – Microsoft, Facebook, Google, and eBay

On Friday October 1st, a group of 42 Endeavor Entrepreneurs and ISP candidates visited four Silicon Valley companies. The tour took place while panelists at the International Selection Panel in Pebble Beach, CA were in deliberations, deciding who would become an Endeavor Entrepreneur.

The tour began at Microsoft, where the Entrepreneurs heard from Richard Schick, Director of Broadband Services. Richard talked about Microsoft’s latest technology for TV and video and brought the group into Microsoft’s “Home” demo room and one of their labs.

From there, the group moved on to Facebook. Angela Zaeh from the International Growth and Strategy team shared best practices as to how best to work with Facebook using plugins, fan pages, and Facebook Connect.

Next stop was Google. After touring the Googleplex, the group had lunch with leading executives from business development, engineering, sales, and product management, all of whom offered a range of perspectives on Google’s work throughout Latin America. After lunch, Gisel Hiscock and Luis Arbulu from Google’s New Business Development team explained Google’s approach to innovation and their acquisition and partnership strategy in new markets in Latin America and the Middle East. A big thanks to Armando Mann, Endeavor Entrepreneur and now Google employee, for organizing the visit!

The tour finished at eBay, where Robert Chatwani, Senior Manager of Internet Marketing and founder of eBay’s WorldofGood.com, talked about eBay’s story, their global footprint and acquisition strategy, and eBay’s new initiatives such as WorldofGood.com and MicroPlace.com. What was perhaps most interesting for the entrepreneurs in the audience was how to use eBay as a platform for new businesses and applying the principles and mechanics that eBay has discovered to new markets, for example in the Middle East.

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First-ever California Tech Retreat

Endeavor’s new San Francisco office organized a Tech Retreat tailored to Endeavor’s tech-focused entrepreneurs that took place immediately after the aforementioned Selection Panel. The retreat consisted of a series of events on October 3rd and 4th that exposed Endeavor Entrepreneurs to founders, investors, and senior executives of leading Silicon Valley companies.

“Don’t Screw This Up!” – Breakfast with David Fraze, Partner, K&L Gates
David Fraze, lawyer and entrepreneur, delivered a three-hour presentation about the common mistakes that entrepreneurs make from formation to fundraising and protecting IP to doing an IPO. Though David was expecting 25 people, 73 entrepreneurs attended!

TRAWELN – Social gathering of 200+ entrepreneurs and investors
Investors and entrepreneurs from all over Latin America in addition to those living in Silicon Valley came together for an afternoon of networking and eating (asado of course!) at Wences Casares’ home in Woodside, CA. Chamath Palihapitiya, VP of Growth, Mobile, and International was the guest speaker and spoke about innovation. He challenged the audience to think about how to invent new things and how to tap into changes in human interaction, transparency, and the notion of value.

Drinks with Gina Bianchini
At a small gathering with Gina Bianchini, cofounder of Ning and Endeavor Global Advisory Board Member, at the Sheraton in Palo Alto, Gina talked about the power of social technologies and the way in which they are touching all industries and changing the way people interact with one another.

Conference at Stanford University Featuring 22 Silicon Valley Experts
From 9am to 6pm, 172 people (entrepreneurs, investors, service professionals, and academics) heard from 22 Silicon Valley experts who covered a range of tech topics such as mobile, gaming, IT, and new media, in addition to management and strategy issues surrounding funding, international expansion, building an executive team, and strategic partnerships. Highlights included…

Ariel Poler, serial entrepreneur and angel investor, shared an honest breakdown of how funding works in Silicon Valley, including what motivates investors and the truth behind a lot of their candid replies.

Steve Jurvetson, Managing Director of DFJ, focused on the pace of innovation and Moore’s law and what this means for the future of technology, biotechnology, nanotechnology, and cleantech. His analysis was impressive, his view of Fortune 500 companies sobering, and his hopes for entrepreneurs in emerging markets encouraging.

In his panel “Tech Powered Global Growth,” Erik Dithmer, Vice President and General Manager of SMB at Dell, interviewed three Endeavor Entrepreneurs illustrating how they are using IT to unleash global growth, deliver exceptional customer service, and improve employee satisfaction.

The gaming panel with cofounder of Zynga (Eric Schiermeyer), founder of SGN (Shervin Pishevar), and VP Product at hi5 (Monty Kerr) emphasized the importance of incorporating gaming mechanics into every product, software, and interface. “Understanding human behavior and engagement mechanisms can benefit any technology entrepreneur!”

Media panel featuring Facebook, YouTube, and Glam Media demonstrated how entrepreneurs can now structure entire business models on platforms such as Facebook, YouTube, and Twitter and use these
new platforms to reach target audiences and tap into additional markets.

Eleven entrepreneurs presented through panels and entrepreneurs spotlights. They included: Fatih Isbecer from Pozitron (Turkey), Martin Migoya from Globant (Argentina), Guillermo Oropeza from DocSolutions (Mexico), Marcelo Romcy from Proteus (Brazil), Santiago Pinto from Smowtion (Argentina), Santiago Subotovsky from Emergence Capital (Argentina), Luis Navas and Sebastian Letemendia from Conexia (Argentina), Vinny Lingham from Yola (South Africa), Imad Malhas from Irisguard (Jordan), and Daniel Wjuniski from Minha Vida (Brazil).

Many thanks to our sponsors DELL, ERNST & YOUNG, and SAP.

Abraaj Capital to host largest Middle East entrepreneurship conference (Nov 8-9; Dubai)

Together with 50 partners, including Endeavor, Abraaj Capital — one of the world’s leading private equity firms — will be hosting a free “Celebration of Entrepreneurship” event from November 8-9 in Dubai.

The event aims to gather more than 1,000 top entrepreneurs, business leaders, youth and artists to catalyze a new phase of entrepreneurship in the Middle East, North Africa and South Asia (MENASA) region. Organizers cite the program’s mission to “inspire creativity and collaboration, empower tomorrow’s talent, and connect ideas with opportunities” — spurring an entrepreneurial movement to revolutionize economies and reinvigorate communities.

The program itself will include training workshops, talks, and one-on-one meetings with leading mentors in the region. Among the speakers are Linda Rottenberg and Peter Kellner, co-founders of Endeavor.

The event will also serve to highlight the launch of WAMDA (http://www.wamda.com), designed to be the region’s definitive online portal and social hub for all things entrepreneurship. It will also spotlight Riyada Enterprise Development (RED), the Abraaj Fund which targets the SME segment.

Endeavor selects 23 High-Impact Entrepreneurs at California ISP

From September 29 to October 1, Endeavor hosted its 36th International Selection Panel (ISP) in Pebble Beach, California, welcoming 23 new High-Impact Entrepreneurs (representing 13 firms) from Argentina, Brazil, Chile, Colombia, Egypt, Jordan, Mexico and Turkey. Endeavor now supports 540 High-Impact Entrepreneurs from 349 companies.

TechCrunch reporter Sarah Lacy, who attended the event, published this commentary (Oct 1).

Congratulations to the organizers and panelists at our first-ever West Coast ISP, and to the following selected entrepreneurs:

Argentina

Entrepreneurs: Andres Alterini, Mariano Elizari & Santiago Pinto Escalier
Company: Smowtion
Description: Smowtion operates an ad serving network that maximizes ROI for advertisers and publishers through innovative use of targeting and optimization technology.

Entrepreneurs: Martin Enriquez, Juan Manuel Damia & Gustavo Arjones
Company: Socialmetrix
Description: Socialmetrix provides market research solutions that monitor companies’ presence across social media and helps them improve their image, products and communications.

Brazil
Entrepreneur: Tiago Moura Mendonca
Company: ABC – Atacado Brasileiro da Construcao
Description: ABC operates a growing chain of home improvement stores in the province of Minas Gerais, Brazil.

Entrepreneur: Marcos Burattini
Company: Vivere Brasil
Description: Vivere is a first-mover in providing an innovative BPO solution to the real estate loan market in Brazil, helping to make that country’s rapidly expanding mortgage market more efficient and accurate.

Chile
Entrepreneur: Dr. Pamela Chavez-Crooker
Company: Aguamarina
Description: Aguamarina is the leader in the development of biotechnology processes and services for the mining industry in Chile and abroad.

Entrepreneurs: David Assael & David Basulto
Company: Plataforma Networks/ArchDaily
Description: Plataforma Networks operates important online media platforms that connect architects and companies worldwide.

Colombia
Entrepreneurs: Pedro Tosin & Diego Diaz del Castillo
Company: Oruga
Description: Oruga is an emerging player in the Colombian animation industry.

Egypt
Entrepreneur: Ahmed Hindawi
Company: Hindawi Publishers
Description: Hindawi uses an Open Access publishing system that has made it an emerging player in worldwide scientific research and journal publishing.

Jordan
Entrepreneurs: Ramzi Halaby & Zafer Younis
Company: Modern Media
Description: Modern Media delivers comprehensive integrated marketing solutions that enable clients throughout the MENA region to use social media to stand out and connect with their target audience.

Entrepreneurs: Firas Al-Otaibi, Mohammed Asfour, & Wael Attili
Company: Think Arabia (Kharabeesh / Untitled)
Description: Think Arabia is an innovative player in developing creative Arabic animation content for new media platforms.

Mexico
Entrepreneurs: Eduardo Graniello & Felipe Labbe
Company: Intellego
Description: Intellego provides business intelligence solutions that increase clients’ revenues, cut costs and improve performance.

Turkey
Entrepreneur: Yunus Guvenen
Company: Digitouch
Description: Digitouch is creating a marketing revolution in Turkey by creating the first affiliate marketing network in that country.

Entrepreneur: Erdem Yurdanur
Company: Kokteyl
Description: Kokteyl focuses on business-to-consumer marketing projects on both mobile and web platforms.

Download Endeavor’s 2010 Impact Report

Endeavor’s 2009-2010 annual Impact Report is now available. From our latest impact metrics to country updates, the report highlights the accomplishments of our network and Entrepreneurs in the past year — in which we welcomed our 500th Endeavor Entrepreneur. CLICK HERE to download the report (PDF).

Linda Rottenberg speaks at Clinton Global Initiative

Linda Rottenberg was a featured panelist for the “Strengthening Market-Based Solutions” action area at the fifth annual Clinton Global Initiative on September 22. In a formal group discussion that centered around supporting high-growth firms, Linda elaborated on Endeavor’s high-impact model.

In 2008, Endeavor made and fulfilled a CGI commitment to promote cross-continental mentorship for entrepreneurs by connecting entrepreneurs in Egypt and Jordan with business owners in Latin America. In 2009, Endeavor made and fulfilled a CGI commitment to cultivate and launch the Mentor Capital Program.

Interview w/Gina Bianchini, new member of GAB

Gina Bianchini, cofounder of Ning and current Entrepreneur in Residence at Andreessen Horowitz, has recently joined Endeavor’s Global Advisory Board. We recently interviewed Gina about how she became an entrepreneur, the challenges she’s faced in the process, and her relationship with Endeavor.

Q: Gina, some could say you were bred to be an entrepreneur. You grew up in Cupertino, studied at Stanford, worked within Goldman Sachs’s High Technology Group, and then did advertising for high tech companies. Though you founded your first company right out of business school, when did you first know that you wanted to be an entrepreneur?

A: There is no doubt that I grew up in an entrepreneurial culture. My grandparents ran a nursery in Cupertino before it became Silicon Valley and the home of Apple Computer. Watching these two definitions of entrepreneurism meet helped me immensely in not only taking on the slightly insane life of a serial entrepreneur but in making it through the high highs and the low lows that go along with it.

I look at my journey as a series of small things that led to me being an entrepreneur. On the other, I have always dreamed of doing something that changed the world. Watching the people around me from my little agricultural town of Cupertino actually do it, has inspired me from the time I can remember.

This is probably another way of saying, there wasn’t one moment where I knew I wanted to be an entrepreneur, but rather I put myself in situations that slowly and incrementally brought me to this place. I’ve just followed each opportunity placed in front of me and worked my ass off to deliver to the very best of my ability in every way.

Q: As an entrepreneur, what would you say has been the greatest challenge that you have ever faced, at Harmonic Communications, Ning, or generally?

A: In the same way there has never been one great success, I don’t think that there is one single great challenge. There have been a lot of little ones. If you can embrace challenges by breaking them down into smaller decisions, this life gets a lot easier.

Q: Ning was based on a pretty revolutionary idea – that communities could come together around passions and interests. Ning now has 46 million users, so the initial vision is clearly working. Looking back, is there anything you would have done differently?

A: I love Jeff Bezos quote about having scars all over his body from the things he and Amazon have learned. There is a ton I’d do differently if given the chance! But that’s not the way it works. Rather, it’s about making the best decisions you can with the information and experience that you have at that moment and constantly learning from what happens next.

As a founder and the CEO, the key is to always raise your hand and take responsibility for the decisions. I love the John F. Kennedy quote, “victory has a thousand fathers, but defeat is an orphan.” I take responsibility for the good, the bad, and the plain old ugly. I think it is the key to success.

Q: You and serial entrepreneur Marc Andreessen launched Ning in October 2005. You served as CEO until this past year. Tell us about the transition from founder to CEO.

A: After five and a half years, it was time to move on, but I’m incredibly proud of what we built. I’m knee deep in the early stages of something new and I couldn’t be more grateful for the opportunity to get Ning to the level it achieved when I left and to work with the best team I could have imagined.

Q: Your first exposure to Endeavor was in Istanbul, as a panelist for one of Endeavor’s International Selection Panels. Our CEO Linda Rottenberg quickly saw the value you would provide to Endeavor as an organization and most importantly to our entrepreneurs. But from your perspective, what made you excited to work with Endeavor?

A. This is one of the most special organizations to which I’ve been exposed. From the mission, to the structure, to the lessons learned, to every person I met, I am proud to be a part of it.

Thanks for your time Gina; we’re thrilled to have you on board!

Endeavor’s work in Argentina highlighted

Endeavor’s work in Argentina was highlighted recently by a FastCompany blogger, Rob Salkowitz, in a post entitled, “Imagining an Entrepreneurial Argentina.” An attendee of the 6th Annual Endeavor Entrepreneurship Conference held in Cordoba, Argentina last week, Rob enthusiastically writes about what Endeavor has brought to Argentina, especially in helping to change people’s perceptions about business and fostering social responsibilities amongst businesses.

As Rob writes, Endeavor conferences “provide the social glue and esprit-de-corps that unites a community of potential business leaders still struggling to find their voice. They also provide a great way for those who have succeeded to reinvest their knowledge and resources to make the ecosystem stronger, perpetuating a cycle that they hope will continue to lift all of them higher in the global economy.”

TechCrunch: Fadi Ghandour interviewed about his entrepreneurial experience in the Middle East

This week, Fadi Ghandour, a board member of Endeavor Jordan, was featured on TechCrunch’s Entrepreneur on Entrepreneur program. Hailed as the “Ron Conway of the Middle East,” Fadi has been a part of numerous extremely successful startups in the Middle East, including founding Aramex, a global transportation and logistics company and as an early investor with Maktoob, the leading internet services company in the Middle East.

Topics covered include:
● Difficulties when first starting out with Aramex and its eventual success
● The angel investments he’s made (e.g.. Maktoob), as well as his investment philosophy
● A tour of Fadi’s office

Article cites Endeavor’s role in supporting Argentine entrepreneurs

In a new article published on entrepreneurship.org, Jonathan Ortmans, a senior fellow at the Kauffman Foundation, addresses the role of Argentine entrepreneurs in the decade since the startup boom–and major financial collapse.

Citing Endeavor, which “had its first success in the developing world in Argentina just before the country’s last major financial collapse,” he goes on to stress the importance of a “bottom-up culture” to spur innovation and encourage government to enact reforms.

An excerpt:

The good news is that interest in entrepreneurship typically creates a bottom-up pressure for change in a country’s old ways of doing business. As Alejandro Mashad and Norberto Loizeau of Endeavor Argentina have said in articles and interviews, young entrepreneurs are helping lead the way toward change. They explain that this budding movement of entrepreneurial interest began to change at the turn of the century. “Like their counterparts elsewhere, inventive young Argentines saw the potential for Internet technology to change the way information was transmitted and were quick to translate their ideas into commercial enterprises. Many of the initial start-ups failed, but they taught us an important lesson: business could be both creative and socially beneficial. Just as important, you could play by the rules and still make money.” The power of the sum of the energy of these young entrepreneurs will be celebrated once again during 2010 Global Entrepreneurship Week in Argentina (Nov.15-21). We should applaud these entrepreneurs for their work in writing the recent history for Argentina as a decade that brought to the country a new environment for entrepreneurship.

TechCrunch: Linda Rottenberg interviewed about Endeavor and fostering entrepreneurship in the Middle East

This week, Endeavor co-founder and CEO Linda Rottenberg appeared on TechCrunch in a video interview, “Can Foosball Tables Save the Middle East?”

Topics covered include:

● Endeavor’s presence and role in the Middle East (Turkey, Egypt, Jordan), beginning with Linda’s participation as co-chair of the World Economic Forum regional meeting in the Middle East (May 2004)
● Pre-announcement of our upcoming launch in Lebanon (by early 2011)
● Recent entrepreneurial success stories in the region (e.g., Maktoob)
● The importance of entrepreneurial activity in a region that needs to create 100 million jobs over the next decade
● Rising level of VC interest and activity in the region

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